CPPB Knowledge Check with Verified Solutions |Latest 2024/2025

CPPB Knowledge Check with Verified Solutions |Latest 2024/2025 An organization's mission statement should: ️ Express the organization's purpose for existence An agency is revising its document retention schedule. To what should the governmental entity look for guidance? ️ Legal and statutory requirements An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its purchases with other agencies that are participating in cooperative purchasing. When using a "piggyback" method, what would the arrangement be called? ️ Cooperative Contract A governmental agency has a threshold for small purchases of $1000 and three quotes are required above that figure. There has been a steady increase int he number of field purchase orders, along with recent complaints from internal customers about it taking too long to buy what they need. Which of the following actions is most likely to have the biggest impact on reducing costs and saving time in the long run? ️ Instituting a purchase card program Can be used to determine the impact of the expenditure patterns within a supply market ️ a procurement profile A governmental agency processed a purchase requisition for the purchase of direct-read water meters. Which fund should a purchasing agent check to confirm that the money was available for this purchase? ️ Operating Fund/Capital Fund